Shares of Century Communities (CCS) have been strong performers lately, with the stock up 11.8% over the past month. The stock hit a new 52-week high of $97.92 in the previous session. Century Communities has gained 5.9% since the start of the year compared to the 15.7% move for the Zacks Construction sector and the 13.3% return for the Zacks Building Products - Home Builders industry.What's Driving the Outperformance?The stock has an impressive record of positive earnings surprises, as it hasn't missed ou ...

National homebuilder set to open new community in summer 2024SAN ANTONIO, March 21, 2024 /PRNewswire/ -- Century Communities, Inc.—an industry leader in online home sales and the highest-ranked homebuilder on Newsweek's list of America's Most Trustworthy Companies 2023—held a celebratory groundbreaking ceremony on March 8 for its newest San Antonio community, Spring Creek. Anticipated to open in the summer of 2024, this modern neighborhood will offer five versatile single-family floor plans, making it easie ...

The U.S. homebuilding market is trying to make a steady rebound as inflation cools and mortgage rates ease from multi-decade highs. Buyers are once again flocking markets and demand for new homes is driving sales.Housing Market Looks PromisingThe National Association of Home Builders said on Mar 18 that the NABH/Wells Fargo Housing Market Index of builder confidence jumped to 51 in March from an unrevised 48 in February. Economists had expected homebuilder confidence to remain unchanged for the month.This w ...

Builder confidence in the market for newly constructed single-family homes surged above the breakeven point in March, marking the fourth consecutive monthly gain. The upside reflects a persistent shortage of existing inventory, which continues to steer buyers toward new home construction. Also, robust demand and mortgage rates staying below peak levels, as witnessed last fall, have contributed to the heightened sentiment among builders.Given the uptrend, let's add some notable homebuilders like Century Comm ...

New Sales Studios offer extra in-person resources and support from the national leader in online homebuyingJACKSONVILLE, Fla., March 14, 2024 /PRNewswire/ -- Century Communities, Inc. (NYSE: CCS)—a top 10 national homebuilder, industry leader in online home sales, and the highest-ranked homebuilder on Newsweek's list of America's Most Trustworthy Companies 2023—has announced the grand opening of two new Florida Sales Studios representing the Century Complete brand: one in Jacksonville and one in Panama City ...

In February, U.S. inflation rose to 3.2%, up from January's 3.1%, fueled by higher petrol and housing prices. These figures are crucial for the projections for 2024 rate cuts, with the Mar 20 meeting likely to maintain rates between 5.25% and 5.5%.Since 2022, the Fed's aggressive rate hikes have tempered inflation, prompting expectations of interest rate cuts this year. However, recent inflation data (for the first two months of 2024) depicts a hotter-than-expected rise in prices. This has led to revisions ...

Pinnacle at Cottonwood Creek offers a versatile lineup of single-family homes from the high $200s, with contemporary open-concept layouts and exceptional features like secluded primary suites, spacious kitchens and the builder's Century Home Connect® smart home package. Homebuyers will also love convenient proximity to I-35, along with quick access to local attractions like the San Marcos River, the city's historic Downtown Square, Texas State University, the San Marcos Outlets—one of the largest outlet sho ...

National leader in online homebuying now selling affordable, quality new build homes outside of PhoenixCOOLIDGE, Ariz., March 7, 2024 /PRNewswire/ -- Century Communities, Inc.,—a top 10 national homebuilder, an industry leader in online home sales, and the highest-ranked homebuilder on Newsweek's list of America's Most Trustworthy Companies 2023—announced that its Century Complete brand is now selling a lineup of single-family homes at Cross Creek Ranch, a new Coolidge community. Starting in the mid $200s, ...

Otis Worldwide Corporation (OTIS) , a global leader in elevator and escalator manufacturing, secured a significant contract with Emaar Properties to modernize 34 elevators and eight escalators in the iconic Burj Khalifa, the world's tallest building. This contract also includes servicing all units for an additional decade.Since the installation of the first elevators and escalators in 2010, Otis has been a trusted partner for Emaar Properties, ensuring safe and efficient vertical mobility within the 828-met ...

Last year was a dampener for aspiring home-owners. While mortgage rates and residential prices steadily went up, average monthly mortgage payments hit “never seen before” levels. Home shoppers, particularly first-time buyers, found it significantly difficult to realize their dream of affording a home.The restrictive monetary policy employed by the Fed to tackle the four-decade-high inflation in the United States was almost singularly responsible for home prices shooting through the roof. However, with the g ...